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What is the equivalent annual percentage on a cash discount of 3%/10, Net 30? (Round...

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Accounting

What is the equivalent annual percentage on a cash discount of 3%/10, Net 30? (Round to one decimal space and do not include % symbol) For example, if you calculate the answer to be 23.54% submit 23.5.

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Which of the following is not one of the risk associated with credit?

Bad debt write off

Late payment

Reduced account receivable

Cost of managing credit

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